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PSEUDO DATA AS A TEACHING TOOL: APPLICATION TO THE TRANSLOG, MULTIPRODUCT PROFIT FUNCTION

1986
This paper argues that the use of "laboratory" data sets can add substantially to the teaching of production economics at the graduate level. Optimal experimental designs for generating pseudo data from a process model are discussed. These are shown to depend of the functional form to be estimated.
Hertel, Thomas W., McKinzie, Lance
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